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Rupee falls to a record low of 83.51 against US dollar

Forex traders said a negative trend in domestic equities and sustained foreign fund outflows also dented investor sentiments.

On Monday, the rupee declined 6 paise to settle at 83.44 against the US dollar.
Published on Apr 16, 2024 10:08 AM IST

From HT Archives: The rise of Rupee, no longer linked to the Pound Sterling

Central Assembly passed bill de-linking Rupee from Sterling, marking financial independence pre-political independence. New nickel coin introduced to save silver for repaying USA loan.

Then finance minister Liaquat Ali Khan with former Prime Minister Jawaharlal Nehru. Khan tabled the Bill amending the Reserve Bank of India (RBI) Act in 1947. (HT Archive)
Updated on Apr 13, 2024 06:32 AM IST
By, New Delhi

Still a long way from rupee globalisation

We should, of course, celebrate India’s increasing global importance; for the rupee, however, it’s a much longer road to internationalisation.

For the rupee to become more widely accepted globally, the Indian forex market will need to be considerably deeper, more liquid, and certainly more volatile (i.e., less controlled) than it has recently been(AFP)
Published on Apr 04, 2024 09:39 PM IST

Rupee turns flat at 82.90 against US dollar in early trade

Rupee turns flat at 82.90 against US dollar in early trade

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Updated on Mar 06, 2024 09:33 AM IST

Not US dollar, this is world's strongest currency. Check full list

Economic growth, political stability, global demand and natural resources are determining factors to measure the strength and value of a currency

The United Nations currently recognises 180 currencies as legal tenders
Published on Jan 17, 2024 03:06 PM IST
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